alex-md
11/8/2016 - 12:09 AM

mgtreview.md

mgtreview.md

What are the major management functions: planning, organizing, staffing, coordinating, controlling What's the difference between committee, group, task force committee is a group of people appointed for a specific function, larger group A number of people that are located close together or classed together What are meant by outputs and inputs
Using subway as an example, the ingredients are inputs and the whole sandwich completed is the output Line structure / flat structure / matrix structure / multi divisional structure Line structure are small businesses where the top manager is positioned at the top and has all the power Flat structure wider span of authority and fewer layers of management Matrix structure are complex and deal with horizontal management and authority Multidivisional one parent company that consists of a number of different divisions operating separate businesses What are contingency plans, strategic plans, tactical plans Contingency plans are designed to take a possible future event into account Strategic plans long term or overall aims and interests Tactical plans carefully planned, more short term What does HR do Recruiting, interviewing, and hiring of new employees What is Capital expenditure Is an expense where the benefit continues over a long period rather than being exhausted in a short period. An amount spent to acquire or upgrade productive assets